Kensington Asset Management LLC Buys 397,355 Shares of AB Ultra Short Income ETF $YEAR

Kensington Asset Management LLC raised its stake in AB Ultra Short Income ETF (NYSEARCA:YEAR) by 396.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 497,486 shares of the company’s stock after acquiring an additional 397,355 shares during the period. AB Ultra Short Income ETF comprises about 1.5% of Kensington Asset Management LLC’s investment portfolio, making the stock its 17th largest position. Kensington Asset Management LLC owned 1.70% of AB Ultra Short Income ETF worth $25,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of AB Ultra Short Income ETF by 8.6% in the 2nd quarter. Alliancebernstein L.P. now owns 15,007,157 shares of the company’s stock worth $760,263,000 after purchasing an additional 1,183,032 shares during the last quarter. BOS Asset Management LLC grew its stake in AB Ultra Short Income ETF by 8.6% during the third quarter. BOS Asset Management LLC now owns 900,406 shares of the company’s stock worth $45,628,000 after buying an additional 71,540 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of AB Ultra Short Income ETF by 9.7% during the second quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock worth $25,678,000 after buying an additional 44,660 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of AB Ultra Short Income ETF by 101.3% during the second quarter. Envestnet Asset Management Inc. now owns 400,580 shares of the company’s stock worth $20,293,000 after buying an additional 201,618 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new position in shares of AB Ultra Short Income ETF in the second quarter valued at approximately $17,840,000.

AB Ultra Short Income ETF Stock Down 0.0%

YEAR stock opened at $50.58 on Thursday. The business has a fifty day moving average price of $50.56 and a 200 day moving average price of $50.59. AB Ultra Short Income ETF has a fifty-two week low of $50.36 and a fifty-two week high of $50.82.

AB Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.1709 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

AB Ultra Short Income ETF Profile

The Ab Ultra Short Income ETF (YEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to government and corporate ultra-short-term bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than one year. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.